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DiNapoli: NYC Finances Continue To Benefit From Better Than Projected Revenue but Spending Pressures Remain
… additional risks, DiNapoli projects that the city may face budget gaps of nearly $2.3 billion in FY 2025, $8.5 …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-finances-continue-benefit-better-projected-revenue-spending-pressures-remainReview of the State Fiscal Year 2022-23 Executive Budget
The State Fiscal Year 2022-23 Executive Budget represents the first budget in modern times that is projected by the Division of the Budget to remain in balance throughout the Financial Plan period, including one additional year beyond the typical four-year forecast period.
https://www.osc.ny.gov/files/reports/budget/pdf/executive-budget-review-2022-23.pdfOpinion 91-32
… Mahon v Board of Education of the City of New York , 171 NY 263; Teachers' Ass'n Central High School District No. 3 v … VIII, §1 (see, e.g., Ausable Chasm Co. v State , 266 NY 326; City of Rochester v Chiarella , 98 AD2d 8, 470 NYS2d 181, affd 63 …
https://www.osc.ny.gov/legal-opinions/opinion-91-32DiNapoli: Tax Cap Will Drop Below One Percent in 2016
… less than one percent for the 2016 fiscal year, according to a report issued today by State Comptroller Thomas P. … cities and 10 villages. “Local government officials need to brace for the lowest growth in their property tax revenue … the tax cap era,” said DiNapoli. “Municipalities may have to operate differently under these new limits. Even tougher …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-tax-cap-will-drop-below-one-percent-2016Contract Advisory No. 7
… ID for all new contracts including but not limited to services, goods, leases, revenue, construction, grants, … Unit (5 alphanumeric characters), Contract Number (up to 10 alphanumeric characters), and Department ID (7 numeric … Number segment of the Contract ID, agencies can use up to a total of 10 alphanumeric characters, which must include …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/7-special-characters-should-not-be-used-contract-and-stand-alone-purchase-orderCity of Troy – Budget Review (B5-14-23)
… The City’s proposed budget is in compliance with the tax levy limit. Key Recommendations The City should adopt a …
https://www.osc.ny.gov/local-government/audits/city/2014/11/07/city-troy-budget-review-b5-14-23State Police Bulletin No. SP-43
… Purpose To notify the Division of State Police of the procedure for processing the Education … members who possess or obtain one of the following degrees on or after April 1, 2001 are eligible for an Education …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-43-education-payment-employees-represented-police-benevolent-associationState Comptroller DiNapoli Statement on New York City's November Budget Update
… and revenue pressure highlight the missed opportunity to set aside additional monies in its Revenue Stabilization … significantly exceeded projections. A systematic approach to setting funds aside is critical. “The city has reflected … (FY) 2022, offset in part by savings though the Program to Eliminate the Gap (PEG) initiative. PEG savings made use …
https://www.osc.ny.gov/press/releases/2022/11/state-comptroller-dinapoli-statement-new-york-citys-november-budget-updateDiNapoli: State Tax Receipts Through First Half of Fiscal Year Exceed Projections by $2.4 Billion
… half of State Fiscal Year (SFY) 2022-23, exceeding the latest projections from the First Quarterly Update by $2.4 … billion above the state Division of the Budget’s (DOB) latest financial plan projections through Sept. 30. However, … through last September, but $560.2 million below DOB’s latest financial plan projections. The large year-over-year …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-state-tax-receipts-through-first-half-fiscal-year-exceed-projections-2-point-4-billionDiNapoli Releases February State Cash Report
… State tax collections totaled $67.3 billion through Feb. 28, a decline of $481 million or 0.7 percent from the … included in the Third Quarter Update to the Financial Plan released with the Executive Budget on Feb. 23. "While …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-releases-february-state-cash-reportIII.7 Data Quality – III. Statewide Financial System (SFS)
… a rejected status. Voucher Guidance: Accounts Payable (AP) Vouchers Accounts Payable Vouchers in Pending, Pending Batch Processing or Denied … including but not limited to Supplier Self Service, Interagency Billing, Procurement Card etc. AP Vouchers …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii7-data-qualityExamples from GASB Statement 34 - Sample City Statement of Net Assets Proprietary Funds
… debt 72,728,293 360,281 73,088,574 8,690,746 Restricted for debt service 1,451,996 1,451,996 Unrestricted … as proprietary funds, the nature of the activity accounted for in them is generally governmental. By reporting internal … funds separately from the proprietary funds that account for business-type activities, the information in the "Totals" …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34Village of Deposit – Fiscal Monitoring and Selected Financial Operations (2013M-205)
… financial condition and selected financial operations for the period March 1, 2012 to March 18, 2013. Background … and, ultimately, did not adopt reasonable budgets for the general, water and sewer funds. Inaccurate budgeting …
https://www.osc.ny.gov/local-government/audits/village/2013/12/13/village-deposit-fiscal-monitoring-and-selected-financial-operations-2013m-205Village of Cuba – Sewer Fund Financial Condition and Records and Reports (2013M-15)
… Purpose of Audit The purpose of our audit was to review the financial condition of the … fund recurring operating expenditures. Develop a plan to address the sewer fund deficit, replenish the repair reserve …
https://www.osc.ny.gov/local-government/audits/village/2013/03/29/village-cuba-sewer-fund-financial-condition-and-records-and-reports-2013m-15Comptroller DiNapoli Releases Municipal Audits
… users more than was necessary. Town of Union Vale – Payroll (Dutchess County) The town overpaid $134,658 in payroll, leave and health insurance payments. Auditors found …
https://www.osc.ny.gov/press/releases/2019/12/comptroller-dinapoli-releases-municipal-audits-1Rochester City School District – Budget Review (B20-2-5)
… review was to provide an independent evaluation of the Rochester City School District’s (District) proposed budget … Earlier this year our office performed a review of the Rochester City School District’s (District) 2018-19 and …
https://www.osc.ny.gov/local-government/audits/school-district/2020/06/05/rochester-city-school-district-budget-review-b20-2-5Town of Babylon – Financial Condition and Internal Controls Over Selected Town Operations (2013M-115)
… Purpose of Audit The purpose of our audit was to examine the Town’s financial condition … July 31, 2012. Background The Town of Babylon is located in western Suffolk County. The Town is governed by the Town …
https://www.osc.ny.gov/local-government/audits/town/2013/11/22/town-babylon-financial-condition-and-internal-controls-over-selected-town-operationsDiNapoli Offers Proposal to Encourage Better Local Government Budgeting
… of multi-year budget plans. “Long-term budget planning is vital to the fiscal health of our localities,” said … long-term budget planning. Multiyear financial planning is a tool that will enable these entities to develop revenue … of their fiscal decisions over time. They can then decide what program funding choices to make in advance, avoiding the …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-offers-proposal-encourage-better-local-government-budgetingState Agencies Bulletin No. 990
… State fiscal years. Incentive payment amount for training in State fiscal year 2009-10 is $200.00 To be eligible for … Incentive Program payment is pensionable and included in the calculation of overtime. Agency Actions When … Program payment is taxable income, will be included in the employee’s taxable gross wages and is subject to all …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/990-pef-firearms-training-and-safety-incentive-programState Agencies Bulletin No. 969
… payment. Affected Employees Selected full time CSEA, PEF or M/C employees in Executive Branch agencies who elected … Financial Plan. The program was available to CSEA and PEF employees and employees in Management/Confidential …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/969-executive-voluntary-severance-program-payments-second-installment